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The High Court of Madras has upheld the imposition of interest under Section 50(1) of the Central Goods and Services Tax (CGST) and Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, in conjunction with Rule 88B, for individuals and businesses that make delayed tax payments. This ruling emphasises the importance of timely compliance with […]
The Madras High Court held that the GST commissioner could designate the proper officers for the assessment under the TNGST ( Tamil Nadu Goods and Services Tax ) Act, 2017. The taxpayer Abhinaya Constructions contested the impugned GST orders because the commissioner of GST had no authority to charge the power to the third respondent […]
The Madras High Court ruled the Assessing Officer (AO) to permit the transitional credit of purchase tax paid under Section 140 of the TNGST Act, 2017, if the applicant had paid “purchase tax” under Section 12(1) of the TNVAT Act. The bench of Justice C. Saravanan noted that the applicant deserves an opportunity to safeguard […]
Instructions regarding the process for initiating action against non-GST returns filers under the TNGST Act, 2017 have been issued by The Tamil Nadu GST Department. The proper officer will proceed to determine the registered person’s tax due under section 62 if the registered person fails to file the GST return under section 39 even after […]
A circular has been furnished by the Tamil Nadu State Government, mentioning the issues for re-opening of TRAN-1/TRAN-2 as the Central Government has again opened the window on the GST portal for the re-opening of transitional credit for the assessee who was unable to get the advantage of complying the Supreme Court decision in Union […]
After the rollout of GST (Goods and Services Tax), the accountants and the traders are facing problems in filing the GST and have numerous queries regarding this, especially rural traders because the services to clear the doubts on GST is available in English and Hindi only.
The Authority for Advance Ruling (AAR), Tamil Nadu, stated that no GST is to be imposed on rent received for a godown used exclusively for the storage of paddy. Under the related GST exemption notifications, the ruling categorised paddy as ‘agricultural produce’. The applicant, M/s. Lena Modern Rice Mill, a rice mill proprietor in Tamil […]
In a key development for India’s renewable energy and manufacturing sectors, the Tamil Nadu Authority for Advance Ruling (AAR) has determined that Kanishk Steel Industries Limited, a prominent steel manufacturer is not eligible to claim Input Tax Credit (ITC) on goods and services used solely for the operation and maintenance of its 10.2 MW solar […]
Without a personal hearing, the GST authority can dismiss the rectification application, the Madras High Court cited. The matter under consideration by the bench was centred on the interpretation of the third proviso to Section 161 of the TNGST Act, 2017. Specifically, the discussion focused on whether this provision necessitates adherence to the principles of […]
